How much direct materials cost was incurred in producing
Finished goods inventory is $189,000. If overhead applied to these goods is $75,000, and the overhead rate is 120% of direct labor, how much direct materials cost was incurred in producing the inventory?
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The Norman Company has just signed a capital lease contract for equipment that requires annual lease payments of $5,000 to be paid at the end of each of the next 4 years. The appropriate discount rate is 14%. What is the present value of the lease
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Snower Corporation sells product G for $150 per unit, the variable cost per unit is $105, and the fixed costs are $720,000. What is the sales (in dollars) required to realize income from operations of $40,000?
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The Wisbley Company is contemplating the purchase of a helicopter for its executives to use in their business trips. This helicopter could be either purchased or leased from the manufacturer. The useful life of the helicopter is four years.
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During its most recent fiscal year, Simon Enterprises sold 310,000 electric screwdrivers at a price of $18.30 each. Fixed costs amounted to $961,000 and pretax income was $1,271,000.
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